StacksVerified U.S. regulatory reference

12 CFR §797.14

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov
  1. (a)Any agency may request that funds due and payable to a debtor by NCUA be administratively offset in order to collect a debt owed to such agency by the debtor.
  2. (b)NCUA shall initiate the requested administrative offset only upon receipt of a written certification from the creditor agency that:
    1. (1)The debtor owes the debt, including the amount and basis of the debt;
    2. (2)The agency has prescribed regulations for the exercise of administrative offset; and
    3. (3)The agency has complied with its own administrative offset regulations and with the applicable provisions of the FCCS, with respect to providing the debtor with due process.